Jump Financial LLC Sells 31,998 Shares of BellRing Brands Inc. $BRBR

Jump Financial LLC decreased its position in BellRing Brands Inc. (NYSE:BRBR) by 31.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 68,879 shares of the company’s stock after selling 31,998 shares during the period. Jump Financial LLC’s holdings in BellRing Brands were worth $3,990,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of BRBR. TT International Asset Management LTD lifted its position in BellRing Brands by 199.8% in the second quarter. TT International Asset Management LTD now owns 73,616 shares of the company’s stock worth $4,265,000 after purchasing an additional 49,064 shares during the period. Independence Bank of Kentucky increased its holdings in BellRing Brands by 91.5% in the 2nd quarter. Independence Bank of Kentucky now owns 22,634 shares of the company’s stock valued at $1,311,000 after buying an additional 10,814 shares during the period. Vontobel Holding Ltd. raised its stake in shares of BellRing Brands by 216.1% in the 2nd quarter. Vontobel Holding Ltd. now owns 18,006 shares of the company’s stock valued at $1,043,000 after buying an additional 12,310 shares in the last quarter. MRA Advisory Group bought a new position in shares of BellRing Brands during the 2nd quarter worth about $448,000. Finally, Redwood Wealth Management Group LLC bought a new position in shares of BellRing Brands during the 2nd quarter worth about $852,000. Institutional investors and hedge funds own 94.97% of the company’s stock.

Insider Activity

In related news, insider Douglas J. Cornille sold 3,970 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $30.93, for a total transaction of $122,792.10. Following the transaction, the insider owned 54,812 shares in the company, valued at $1,695,335.16. This represents a 6.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of BellRing Brands in a research report on Monday. UBS Group reiterated a “neutral” rating and issued a $34.00 price objective on shares of BellRing Brands in a research note on Friday, November 28th. Morgan Stanley dropped their target price on BellRing Brands from $43.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday, November 19th. Zacks Research lowered BellRing Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 1st. Finally, Cowen cut BellRing Brands from a “buy” rating to a “hold” rating in a research report on Thursday, November 20th. Eleven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.53.

BellRing Brands Trading Up 9.0%

NYSE:BRBR opened at $33.29 on Thursday. The stock has a market capitalization of $3.98 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 4.08 and a beta of 0.67. BellRing Brands Inc. has a 1 year low of $22.45 and a 1 year high of $80.67. The firm has a 50 day moving average of $31.28 and a 200-day moving average of $43.12.

BellRing Brands (NYSE:BRBR) last released its quarterly earnings results on Tuesday, November 18th. The company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.03). The business had revenue of $648.20 million for the quarter, compared to analyst estimates of $633.21 million. BellRing Brands had a net margin of 9.33% and a negative return on equity of 95.87%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 earnings per share. As a group, analysts forecast that BellRing Brands Inc. will post 2.23 EPS for the current fiscal year.

BellRing Brands announced that its board has authorized a stock repurchase plan on Tuesday, September 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

BellRing Brands Profile

BellRing Brands, Inc, together with its subsidiaries, provides various nutrition products in the United States. The company offers ready-to-drink (RTD) protein shakes, other RTD beverages, powders, nutrition bars, and other products primarily under the Premier Protein and Dymatize brands. It distributes its products through club, food, drug, mass, eCommerce, specialty, and convenience channels.